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Daily News / Global Trends / Market Analysis / Forestry / Lumber / Price analysis and info / Sawmilling / Statistics / Wood Products / Asia & Middle East / China / Global
July 10, 2019

NZ log prices drop sharply; shippers blame cheap Russian and Scandinavian sawn timber arriving by train

NZ log prices drop sharply; shippers blame cheap Russian and Scandinavian sawn timber arriving by train

New Zealand logs are piling up on Chinese wharves as cheap sawn timber arrives by train from Russia and Scandinavia and puts the skids under prices. In three months “A” grade log prices have gone from US$138/140 a tonne to US$110 a tonne and could sink to US$100-US$105/tonne.

NZ Forest Owners Association president Peter Weir said about 5 million tonnes of logs — mostly from New Zealand — are sitting unsold on wharves in China.

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